Whether your business is well-established or still growing, contingent workers are a great resource to leverage. Beyond adding much-needed experience and filling skill gaps to your workforce, the benefits of hiring contract workers include:
Flexibility
Contingent work is designed to be temporary, allowing businesses to stay flexible when staffing for various projects. Whether short-term contracts or longer term contracts, businesses can scale their workforce around seasonal work or project work. A contingent workforce gives you the freedom to design a workforce that scales to the evolving needs of your business.
Many businesses also offer contract-to-hire roles or choose to convert contingent workers to a full-time employee. And should a contingent worker not be a good fit for your business, it’s easy for employers to end that professional relationship.
Address smaller projects
The last few years has seen the gig economy grow exponentially, becoming even more efficient and valuable. More workers are considering part-time, focused project work in exchange for remote work and the ability to work from any time zone. Not only does it result in huge cost savings for the employer, it can result in more employee satisfaction.
Expertise
Sometimes businesses don’t have the internal staff or skill set needed for a project. That’s where a contingent worker comes in. Instead of searching for highly skilled (but expensive) full-time professionals or spending time and money on training internal staff, contingent roles can help you fill that skill gap quickly and efficiently.
Lower costs
Contingent workers can reduce labor costs so businesses focus on other tasks—which can be especially beneficial for growing companies. While some contractors may have a higher hourly rate, their cost is often less expensive than a full-time employee with a lower salary. Once expenses like health insurance, paid time off, overtime and other benefits are factored in, the contingent worker can make less of an impact on your bottom line.
Streamlined HR
Because contingent workers’ contracts are typically handled by an outside agency, your business spends less time on time-consuming administrative tasks like employee benefits, payroll, benefits, onboarding and more. With less onboarding and processing to complete, your contingent worker can get started quickly and efficiently.
During uncertain times, contingent workforce usage just makes sense!